GK
BUSINESS ECONOMICS
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Question
[CLICK ON ANY CHOICE TO KNOW THE RIGHT ANSWER]
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It operates as a separate, legal body lead by an elected board of directors, the board is elected by shareholders, the owenera of the ____
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Sole Proprietorship
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Partnership
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Corporation
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Cooperative
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Explanation:
Detailed explanation-1: -The board of directors of a public company is elected by shareholders. The board makes key decisions on issues such as mergers and dividends, hires senior managers, and sets their pay. Board of directors candidates can be nominated by the company’s nominations committee or by outsiders seeking change.
Detailed explanation-2: -A public company’s board of directors is chosen by shareholders, and its primary job is to look out for shareholders’ interests. In fact, directors are legally required to put shareholders’ interests ahead of their own.
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